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North Carolina _________________ Assignment of Contract 3 rty in the Master Contract, hereby consents to the foregoing Assignment. OTHER PARTY: ____________________________________________________ ___________________________________ (Name) Date: __________________ (Name) ___________________________________ (Position, if applicable) OTHER PARTY CONSENT If Other Party's consent is not required, Assignor shall initial here [____]. The undersigned, Other Pa_ ___________________________________ (Name) ___________________________________ (Position, if applicable) ASSIGNEE: ____________________________________________________ _____________________________ssignment of Contract 2 IN WITNESS WHEREOF, the Parties have caused this Assignment to be executed the day and year first above written. ASSIGNOR: _______________________________________________________ ________________________________________________________________________ ________________________________________________________________________ [Remainder of page intentionally left blank] A___________________________________________________________ ________________________________________________________________________ ___________________________________________________________________ision of this Assignment. 9. ADDITIONAL TERMS & CONDITIONS (Specify "none" if there are no additional provisions) ________________________________________________________________________ _____________ilure of either party to enforce any provisions of this Assignment shall not be deemed a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every prov______________________ ______________________________ ______________________________ Either party may change such addresses from time to time by providing notice as set forth above. 8. WAIVER: The faested, postage prepaid, or delivered by overnight delivery service to: Assignor: ________________________________ ________________________________ ________________________________ Assignee: ________ laws of the State of ______________________________________. 7. NOTICE: Any notice required or otherwise given pursuant to this Assignment shall be in writing and mailed certified return receipt requhall apply to and bind the Parties and their heirs, legal representatives, successors and permitted assigns. 6. GOVERNING LAW: This Assignment shall be governed by and construed in accordance with ther further warrants that the contract rights transferred in this Assignment are free of lien, encumbrance or adverse claim. 5. BINDING EFFECT: The covenants and conditions contained in the Assignment s the Master Contract is in full force and effect and fully assignable or may be assigned with consent of Other Party (such consent to be obtained by Assignor before executing this Assignment). Assignooss, cost, or damage in any way related to Assignee's breach or default of the obligations or covenants in the Master Contract or this Assignment. 4. ASSIGNOR'S REPRESENTATIONS: Assignor warrants thattions and covenants in the Master Contract as if Assignee were an original party therein. 3. INDEMNIFICATION: Assignee will indemnify, protect and hold Assignor harmless from and against any and all lgnee hereby assumes all of Assignor's interests, rights, duties and obligations remaining in the Master Contract. Assignee agrees to comply with all the terms, make all payments, and perform all condi to Assignee all of his/her interests, rights and title held by Assignor in and to the Contract. 2. ASSUMPTION OF OBLIGATIONS: Assignee acknowledges the receipt of a copy of the Master Contract. Assien the Assignor and ___________________________ ("Other Party") for a term ending on ______________, 20___ (the "Master Contract"). The Parties agree as follows: 1. ASSIGNMENT: Assignor hereby assignsssignor") and _______________________________________ ("Assignee") (collectively referred to as the "Parties"). Assignor is a party in the ______________________agreement dated _________________ betwe CONTRACT This Assignment of Contract (the "Assignment") is made and entered on _____________________________________________, ___________, by and between _________________________________________ ("Atate before entering into this type of arrangement. In addition, before using this form you should always consult with your attorney to ensure that it addresses your specific situation. ASSIGNMENT OF. These types of agreement are governed by state law. Many of the state laws differ dramatically, therefore the Owner, the Assignor and the Assignee should all become familiar with the laws of their sermine whether such consent is required. If it is, contact that third party. The law generally does not require that they consent to an assignment, so it is best to handle the situation diplomaticallychanges in circumstance. Depending on your original contract, to perform an assignment you may also need the consent of the other original parties to the contract. Review your original contract to detes under that contract to another person (the "Assignee"). The Assignor may choose to use an assignment for a number of reasons including change of business circumstances, financial concerns or other forms.com. Information Assignment of Contract An assignment of contract is an agreement where a person who originally was a party to a contract (the "Assignor") assigns his rights and responsibilitir situation. An attorney should be consulted before negotiating any document with another party. The purchase and use of these forms is subject to the "Disclaimers and Terms of Use" found at findlegal a substitute for legal advice. These forms should only be a starting point for you and should not be used or signed before first consulting with an attorney to ensure that it addresses your particulase the italicized statements in the Assignment; these are just instructions to help you complete it. Laws vary from time to time and from state to state. These forms are not intended to be and are notssignment; therefore, at least two original copies of the Assignment should be executed (i.e. signed). If a third party gives consent, they too may want an original copy of the Assignment. You can era required. The Assignor should provide the Assignee with a copy of the original contract. The Assignor and Assignee must both sign the Assignment. Generally each party will retain an original signed Assign its rights in the agreement, the consent of the other original parties to the agreement is required. You should review the contract to be assigned to determine whether another party's consent isnment"). Both the Assignor (the original party to the contract) and the Assignee (the new party) should review the Assignment carefully before signing. Many contracts require that before a party may aInstructions & Checklist Assignment of Contract This package contains: (1) Instructions and Checklist; (2) Information about the Assignment of Contract; and (3) The Assignment of Contract (the "Assig North Carolina